Women make up a dismal 12% of decision-makers at US venture capital firms.
According to a study done by Axios, only 12.4% of decision-makers at U.S. venture capital firms are women. Although this number is incredibly low, it’s actually a 3 point increase from the last study conducted in early 2019 still an increase from 9.65% in a similar study conducted in early 2019.
The study looked at data of 351 firms and found that there were only 182 female decision-makers among 1,472 total decision-makers. Of the 351 firms, 213 of them (61%) did not have any female decision-makers, and only 34 firms (9.7%) had two or more.
As Jenny Abramson, Founder & Managing Partner of Rethink Impact said to Sallie Krawcheck in an interview for Ellevest:
“There's an imbalance in venture capital, and I think what's shocking to them is when they hear just how striking the numbers are. My partner, Heidi, and I are among the few venture capitalists who are women, who are making investment decisions —it is a pretty low number.”